Riyad Capital released its first-quarter 2019 earnings estimates for Saudi-listed firms and banks under its coverage.
Saudi Basic Industries Corp. (SABIC) is expected to report a decline of 16 percent year-on-year (YoY) in profits to SAR 4.6 billion in Q1 2019, it noted.
Banking heavyweight Al Rajhi Bank is forecasted to report SAR 2.9 billion in earnings, up 22 percent YoY.
However, Saudi Cement is expected to see net income fall by 15 percent to SAR 121 million.
In the telecom sector, STC is expected to fall by 11 percent YoY drop to SAR 2.4 billion.
Dairy producer Almarai will see net oncome decline by 7 percent to SAR 321 million.
|
Riyad Capital Q1 2019 profit estimates (SAR mln) |
||
|
Company |
Q1 2019 estimates |
YoY Variation |
|
Banks |
||
|
Alawwal |
320 |
+12% |
|
BSF |
999 |
(10%) |
|
SABB |
1,224 |
+18% |
|
ANB |
915 |
+12% |
|
Samba |
1,422 |
+9% |
|
Al Rajhi |
2,900 |
+22% |
|
Albilad |
316 |
+23% |
|
Alinma |
671 |
+15% |
|
NCB |
2,851 |
(5%) |
|
Petrochemicals |
||
|
Petrochem |
214 |
(36%) |
|
SABIC |
4,616 |
(16%) |
|
SAFCO |
310 |
+31% |
|
Yansab |
601 |
(5%) |
|
Sipchem |
144 |
(5%) |
|
Advanced |
166 |
+69% |
|
Kayan |
158 |
(66%) |
|
Telecom |
||
|
STC |
2,424 |
(11%) |
|
Mobily |
(95) |
(47%) |
|
Zain |
213 |
-- |
|
Cement |
||
|
Yamama |
19 |
(20%) |
|
Saudi |
121 |
(15%) |
|
Qassim |
41 |
(28%) |
|
Southern |
67 |
(34%) |
|
Yanbu |
36 |
(9%) |
|
Retail |
||
|
Jarir |
225 |
+3% |
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